There is hereby established, pursuant to the authority of C.G.S.
§ 7-148(c)(2)(K), a special fund to be known as the "Parks
and Recreation Round Fund" (the "fund"), which shall be available
to the Parks and Recreation Commission (the "Commission") to conduct
or sponsor programs, services and activities for residents of East
Granby.
The fund shall not lapse at the end of any fiscal year.
The Commission shall insure that procedures are in place pursuant
to which all revenues from any programs, services or activities conducted
or sponsored by it are regularly accounted for. There shall also be
deposited to the fund any sums regularly appropriated thereto and
any gifts or grants specifically intended by the donor or grantor
to be deposited therein. Nothing herein shall preclude the Commission
from maintaining a petty cash fund not to exceed $50 as an adjunct
of the fund. That a minimum balance of the fund shall not be less
than $100 at any time.
Disbursement from the fund shall be made upon authorization
or voucher of the Parks and Recreation Coordinator or the Chairperson
of the Commission and shall not require prior appropriation. All checks
shall require two signatures.
Administration of, accounting for, control and auditing of the
fund shall be subject to oversight of the Boards of Selectmen and
Finance.